COHEN + COMPANY DL -,001

Cohen & Company Inc. (NYSE:COHN ) Q4 2024 Earnings Conference Call March 10, 2025 10:00 AM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cohen & Company's Fourth Quarter 2024 Earnings Call. My name is Sherry, and I will be your operator for today.» Mehr auf seekingalpha.com

PHILADELPHIA and NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its fourth quarter and full year ended December 31, 2024. Summary Operating Results     Three Months Ended   Twelve Months Ended ($ in thousands) 12/31/24   9/30/24   12/31/23   12/31/24   12/31/23                     Net trading $ 8,947     $ 8,816     $ 7,809     $ 36,409     $ 30,926   Asset management   2,067       2,147       1,919       9,009       7,337   New issue and advisory   10,075       22,459       18,722       63,422       28,264   Principal transactions and other revenue   (2,548 )     (1,727 )     6,014       (29,242 )     16,454   Total revenues   18,541       31,695       34,464       79,598       82,981   Compensation and benefits   12,935       17,915       16,335       56,388       52,092   Non-compensation operating expenses   11,109       6,558       6,680       31,233       24,028   Operating income (loss)   (5,503 )     7,222       11,449       (8,023 )     6,861   Interest expense, net   (1,474 )     (1,256 )     (1,619 )     (5,821 )     (6,526 ) Income (loss) from equity method affiliates   (662 )     (683 )     17,217       21,704       15,609   Income (loss) before income tax expense (benefit)   (7,639 )     5,283       27,047       7,860       15,944   Income tax expense (benefit)   (764 )     142       166       (329 )     5,545   Net income (loss)   (6,875 )     5,141       26,881       8,189       10,399   Less: Net income (loss) attributable to the non-convertible non-controlling interest   66       (2,455 )     11,054       8,675       19,590   Enterprise net income (loss)   (6,941 )     7,596       15,827       (486 )     (9,191 ) Less: Net income (loss) attributable to the convertible non-controlling interest   (4,988 )     5,446       11,279       (357 )     (4,078 ) Net income (loss) attributable to Cohen & Company Inc. $ (1,953 )   $ 2,150     $ 4,548     $ (129 )   $ (5,113 ) Fully diluted net income (loss) per share $ (1.21 )   $ 1.31     $ 2.97     $ (0.08 )   $ (3.38 )                     Adjusted pre-tax income (loss) (1) $ (7,705 )   $ 7,738     $ 15,993     $ (815 )   $ (3,646 ) Fully diluted adjusted pre-tax income (loss) per share $ (1.32 )   $ 1.34     $ 2.88     $ (0.14 )   $ (0.66 )                     (1)   Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).» Mehr auf globenewswire.com

PHILADELPHIA and NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the fourth quarter and full year 2024 on Monday, March 10, 2025. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.» Mehr auf globenewswire.com